Here's the Average Social Security Benefit at Ages 62 and 66
For the past 22 years, national pollster Gallup has conducted an annual survey of retirees to gauge how reliant they are on their Social Security income. Between 80% and 90% of those polled have consistently noted their Social Security check is a "major" or "minor" source of income. In other words, it's a necessity to make ends meet.
Considering how important Social Security benefits have been for retirees for more than two decades, it's imperative that future generations of retired workers get as much as they can out of America's top retirement program. But in order for this to happen, future retirees first need to acquaint themselves with the factors that can influence their monthly Social Security benefit, as well as understand how claiming age is the biggest pendulum-swinging factor of them all.
Image source: Getty Images.
Source Fool.com
